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where they are. taxes seem to be the biggest obstacle to a compromise but others want to government -- others want to see government spending put in check. >> the president is doing nothing about the addiction that his administration, he is the spender in chief. >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so we would have $2 cuts for every $1 of increased revenue. >> senate is in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013 they may wake up wishing it was 2012 when they had more money in their pockets. andrew spencer reporting. >> the midnight deadline is 9:00 our time. if the deadline passes there could still be wiggle room if the president and lawmakers appear to be working towards an agreement. the tax hikes and spending cuts could be held at bay for a few weeks, they could be repealed retroactively once a deal is reached. and you can keep tabs on the fiscal talks anytime by logging on to our website, cbssf.com. >>> there is some hope. congress
that pg and e offered to pay a fine. but government and consumer groups rejected it report delay because pge would not admit it failed to safe the system. the explosion killed eight people. if a settlement is not reached by january 7th the case would likely go to trial. >>> a bay area school district is accused of mismanaging money and audit what's conducted after an investigation questioned how a private school was getting federal dollars. linda yi explains what oakland unified will have to do as their punishment. >> reporter: for years this private religious school has received thousands of dollars in federal funds, $50,000 just this year deadly out by the oakland unified school district. it's the school that sends the students out to bart stations to solicit money sometimes late into the night. they left after we approached them. >> a joint cbs 5 california watch investigation earlier this year questioned the district's lack of oversight allowing enroll. s by the school to get the funding and the school's alleged misuse of that money. the california department of education took a clo
Search Results 0 to 1 of about 2